Bearish Sentiments Drag Nigerian Stocks Down -0.22%

December 14, 2021/InvestmentOne Report

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The Nigerian equities market closed southwards by 0.22% as NGX-ASI closed at 42,317.52 pts. 

In today’s trade, market breadth index was negative with 18 losers against 13 gainers. 

CUSTODIAN (+9.86%) led the gainers, while UPDCREIT (-6.67%) was the top loser today. 

ACCESS (-1.10%) was the most actively traded stock with about 55 million units of shares worth about N497 million.

 

Sector Performances 

 

  • NGX Banking Index: Fell by 1.10%, due to the losses printed in ETI (-2.69%), STERLINBANK (-1.32%), UBA (-1.25%) and ZENITHBANK (-1.20%).
  • NGX Oil and Gas Index: Declined by 0.08%, due to the decrease recorded in OANDO (-0.42%).
  • NGX Industrial Index: Decreased by 0.05%, due to the losses recorded in CUTIX (-1.51%) and WAPCO (-0.80%). 
  • NGX Consumer Goods Index:  Rose by 0.08%, on the back of gains printed in HONYFLOUR (+1.08%) and NB (+1.06%).

 

Performance of key stocks

S/N

Stock

Current Price (N)

1-day change (%)

Week to date change (%)

Year to date change (%)

1

ACCESS

9.00

-1.10%

-1.64%

6.51%

2

DANGCEM

255.00

0.00%

1.19%

4.12%

3

FBNH

12.00

0.84%

0.84%

67.83%

4

FIDELITYBK

2.53

0.00%

-0.39%

0.40%

5

GTCO

25.00

-3.85%

-5.66%

-22.72%

6

MTNN

186.80

0.00%

7.05%

9.95%

7

UBA

7.90

-1.25%

-1.86%

-8.67%

8

SEPLAT

650.10

0.00%

0.00%

61.60%

9

ZENITHBANK

24.75

-1.20%

-2.94%

-0.20%

10

OKOMUOIL

142.00

0.00%

0.00%

56.04%

11

BUACEMENT

74.50

0.00%

0.00%

-3.68%

12

AIRTELAFRI

955.00

0.00%

0.00%

12.12%

 

The equities market closed negative today due to the losses printed across major sectors. Going forward, we expect investor’s sentiments to be swayed by the search for real positive returns and developments in the interest rate space. We reiterate that this may be a great period to pick up some quality names with a medium to long-term investment horizon.

Please click here to download today’s price list.

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